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Atlantic Capital Partners Facilitates $17.5M Sale Of Sharon Greens Shopping Center In Cumming, GA

Property Image
SOLD
$17,500,000
Sam Koonce
Chris Peterson
+ 2

Georgia

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Retail98,301 SF
Sold 08/15/2023
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Property Image
SOLD

Atlantic Capital Partners Facilitates $17.5M Sale Of Sharon Greens Shopping Center In Cumming, GA

1595 Peachtree Parkway Cumming, Georgia 30041, USA

See Similar Deals
Retail98,301 SF
Sold 08/15/2023
Sam Koonce
Chris Peterson
+ 2
Contact now

Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$178
Total Square Footage:98,301 SF
Transaction Type:Sale

Atlantic Capital Partners has facilitated the $17.5 million sale of Sharon Greens, a Kroger-anchored shopping center situated in Cumming, a northern Atlanta suburb. The property, located at 1595 Peachtree Pkwy, is a retail asset spanning 98,301 square feet. The sale price equates to approximately $178 per square foot.

Summary of transaction details

Chris Peterson, Danielle Donovan, Justin Smith, Sam Koonce, and Fred Victor, all from Atlantic Retail, played instrumental roles in the successful sale of Sharon Greens. Their expertise and negotiation skills ensured the smooth completion of the transaction. It is worth noting that Sharon Greens is located in Cumming, a desirable suburb in the northern Atlanta area.

Players

Justin Smith
29 deals$541.7M volume
BROKER

Chris Peterson
Atlantic Retail
29 deals$469M volume
BROKER

Sam Koonce
Atlantic Retail
27 deals$447M volume
BROKER

Fred Victor
Atlantic Retail
8 deals$144.5M volume
BROKER

Danielle Donovan
Atlantic Retail
2 deals$34.9M volume(201) 322-4718
BROKER

Details

SOLD
IMAGE: Chris Peterson, Danielle Donovan, Justin Smith, Sam Koonce & Fred Victor DATE: 08/15/2023 ADDRESS: 1595 Peachtree Pkwy MARKET: Cumming, GA ASSET TYPE: Retail BROKERS: Chris Peterson, Danielle Donovan, Justin Smith, Sam Koonce (@Koonce1026) & Fred Victor - Atlantic Retail SALE PRICE: $17,500,000 SF: 98,301 ~ PPSF: $178 NOTE: Atlantic Capital Partners has facilitated the $17.5 million sale of Sharon Greens, a Kroger-anchored shopping center situated in Cumming, a northern Atlanta suburb.

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Debt Service Coverage Ratio (DSCR)

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